H.R. 3384 — Refinancing Relief for Veterans Act

This section revises the Department of Veterans Affairs (VA) funding fee schedule for interest rate reduction refinancing loans (IRRRLs)—streamlined refinancings of VA-guaranteed home loans at lower interest rates—by replacing the existing flat 0.5% fee with the following tiered rates applicable to all VA loan usage categories: (1) 0.5% for loans closed on or after August 1, 2025, and before December 31, 2025; (2) 0.25% (from 0.5%) for loans closed on or after December 31, 2025, and before December 31, 2027; (3) 0.5% for loans closed on or after December 31, 2027, and before December 31, 2032; (4) 0.75% for loans closed on or after December 31, 2032, and before December 31, 2035; and (5) 0.5% for loans closed on or after December 31, 2035.